10-year Treasury yield nears 2.9% after data

Initial jobless claims fell 23K to 298K last week, but the Labor Dept. says it's difficult to adjust claims for the holidays.

The big revision higher in Q3 GDP growth - to 3.6% from 3.1% - comes as private inventory growth's contribution is revised to 1.68% from 0.83% previously estimated, and from 0.41% in Q2. Real final sales (GDP less change in private inventories) grew 1.9% in Q3 vs. 2.1% in Q2.